Star Community Bar Atlanta – Iconic Live Music Venue in Little Five Points – Open Almost 25-Years – Profitable

by Steven Josovitz

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(This is an Open and Operating Business.  Please do not make any attempt to contact Staff, Management, Landlord and or Ownership. Documentation and Inspections will be provided upon request)

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NAME/CONCEPT: 

Star Community Bar or Star Bar as known by its regulars and fans is an iconic and famous Atlanta Live Music Venue and Bar.

ADDRESS/AREA INFO:

Located at 437 Moreland Ave NE, Atlanta, GA 30307 in the heart of Little Five Point.

SIZE/TYPE: 

Almost 6,000/sf with separate bars and entrances.

RENTAL RATE/TERMS/OPTIONS: 

$7500/mo, inclusive of maintenance and units: air conditioning, heat, roof, etc.

$10,000/yr, insurance covering liquor and general liability

5 year lease expires September 2017 with first right of renewal.

OPERATING HISTORY:

1991.

VOLUME/NET Profit :

Seller will provide  books and records during due diligence period.

HOURS OF OPERATION: 

Six Nights, seven with food service if kitchen is reinstalled.

SELLING PRICE/TERMS:

$ 425,000 with some Owner financing.

COMMENTS: 

Due diligence will be provided after the execution of NDA and Buyer is pre-qualified.

Several incredible features enable new Owner to dramatically increase sales and profits.  Occupancy can be increased to 298 and original kitchen being put back in with early estimates at less than $30,000.  Hood vent and all hookups still exist.  Adding a kitchen would enable Owner to open 7 days a week, capture and keep guests for longer periods of time in addition to making it an easy choice for a night out of music, drinks and food.

Seller Info:

THE STAR COMMUNITY BAR – “Atlanta’s Favorite Dive Bar,” features MONDAY NIGHT COMEDY every week 8pm recent performanes by 4 past and present SNL cast members and Ron White frequently uses this work out room to test new material, every Tuesday THE LITTLE 5 POINTS DANCE PARTY with DJ MP3PO & QUASI MANDISCO 10pm, every Wednesday OKIE DOKIE KARAOKE w/ SKYE PAIGE 9pm and LIVE MUSIC Thur–Sat (9pm–3am) every week!
The Little Vinyl Lounge is our more cozy, intimate NON-SMOKING performance space featuring a full Hammond C3 and Leslie plus solo, duo and even trio acts.  Monday Night Songwriter Showcase with Skye Paige (sign up sheet goes out at 9pm), Twisted Tuesdays: come party with Eric Lee and guest DJ’s! Friday and Saturday DJs and live shows. Most always FREE!

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(This is an Open and Operating Business.  Please do not make any attempt to contact Staff, Management, Landlord and or Ownership. Documentation and Inspections will be provided upon request)

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